Financial Data and Key Metrics Changes - For Q1 FY 2026, the company achieved revenue of $65 million, a 4% year-over-year growth, and non-GAAP net income of $5.6 million, which is a 56% increase compared to the prior year [8][16][22] - Adjusted EBITDA for the quarter was $6.7 million, representing a 33% growth year-over-year [22] - The annual exit recurring revenue was $234 million, up 33% year-over-year [19] Business Line Data and Key Metrics Changes - Business subscription and services revenue grew 6% year-over-year, accounting for 62% of total subscription and services revenue [16][17] - Residential subscription and services revenue declined by 2% year-over-year [17] - Ooma Office saw an increase in new account wins, with 61% of new Office users opting for a premium service tier, the highest ever [11][19] Market Data and Key Metrics Changes - The company serves over 500 hotels across North America, indicating strong traction in the hospitality sector [10][60] - The number of Airdial reseller partners increased to over 30, with significant new customer wins in Q1 [13][52] Company Strategy and Development Direction - The company focuses on four market segments: cloud communications for small businesses, POTS replacement, wholesale platform services, and residential telephony [8][9] - The company is optimistic about Airdial growth and has made significant investments in developing solutions for its target segments [26] - The company aims to maintain a strong gross margin of 72% for subscription and services while investing in infrastructure to support growth [20][49] Management's Comments on Operating Environment and Future Outlook - Management noted a steady demand environment for UCaaS solutions, while demand for Airdial is accelerating [32][33] - The company expects to see continued growth in adjusted EBITDA and free cash flow, reaffirming its revenue guidance for FY 2026 [24][25] Other Important Information - The company ended Q1 with total cash and investments of $19 million and generated $3.7 million of operating cash flow [22][23] - The company is raising the low end of its non-GAAP net income guidance for FY 2026 to a range of $22.5 million to $23.5 million [25] Q&A Session Summary Question: What contributed to the 1% increase in NRR this quarter? - The retention rate improvement was largely due to the improvement in non-Regis subscription revenue, offsetting the anticipated decline from Regis [28][29] Question: What are you seeing in the demand environment? - The demand environment for UCaaS solutions has remained steady, while Airdial demand is accelerating [32][33] Question: Is there any change to visibility on when adoption will begin to ramp? - The company is optimistic about early opportunities with Comcast and expects continued growth through the year [37][38] Question: What impact have tariffs had on your subscriber base? - There has been no significant impact from tariffs on the customer base or sales opportunities [39] Question: What areas will you be investing in moving forward? - The company is reallocating sales and marketing spend towards Airdial and 2600 Hertz, while maintaining significant R&D investment [44][46] Question: Can you quantify the number of lines that churned at Regis? - Approximately $12,000 to $13,000 in churn occurred over the last two quarters at Regis [90][92] Question: What is a reasonable goal for adjusted EBITDA margin in the future? - The company believes there is potential for significantly higher adjusted EBITDA margins in the future [96]

Summary of Motorola Solutions Conference Call Company and Industry - **Company**: Motorola Solutions - **Acquisition Target**: Silvis Technologies - **Industry**: Mission-critical communications and technology for defense, law enforcement, and enterprise sectors Core Points and Arguments 1. **Acquisition Announcement**: Motorola Solutions has entered into a definitive agreement to acquire Silvis Technologies, which specializes in software-defined high-speed mobile ad hoc network technology for secure communications in challenging environments [5][9] 2. **Strategic Rationale**: The acquisition aims to broaden Motorola's portfolio in mission-critical communications, adding capabilities in high-bandwidth secure mobile data and video, particularly relevant for unmanned systems and defense applications [6][9] 3. **Financial Performance**: Silvis is projected to generate approximately $475 million in revenue for 2025, with an adjusted EBITDA margin of around 45% [9][10] 4. **Transaction Details**: The upfront consideration for the acquisition is $4.4 billion, funded through a mix of new bank loans, long-term notes, and cash on hand. There is also a potential earn-out of up to $600 million based on performance in 2027 and 2028 [10][9] 5. **Growth Expectations**: The expected revenue growth for Silvis is approximately 20% year-over-year, driven by demand in defense, law enforcement, and enterprise sectors [22][44] 6. **Market Positioning**: Silvis' technology is positioned to support U.S. and allied military operations, particularly in command and control for unmanned systems, and has proven effective in high-stakes environments like Ukraine [7][50] 7. **Customer Base**: The revenue mix is approximately one-third international, primarily in EMEA, and two-thirds from North America, with no significant customer concentration issues identified [18][22] 8. **Integration Plans**: Motorola plans to maintain Silvis as a standalone organization post-acquisition to preserve its growth trajectory while investing in R&D and market expansion [71][83] Additional Important Content 1. **Competitive Landscape**: While there are other players in the market, Motorola believes Silvis has a unique technological edge, particularly in its ability to operate without fixed infrastructure and its scalability [57] 2. **Regulatory Considerations**: The acquisition is expected to close in Q3 or Q4 of the year, with no anticipated regulatory hurdles due to the distinct nature of Silvis' technology compared to Motorola's existing offerings [94] 3. **Future Market Potential**: The total addressable market (TAM) for unmanned systems is expected to grow from a couple of billion to several billion over the next few years, indicating significant growth potential for Motorola post-acquisition [94] This summary encapsulates the key points discussed during the conference call regarding Motorola Solutions' acquisition of Silvis Technologies, highlighting the strategic, financial, and operational implications of the deal.

Core Viewpoint - Intuitive Machines' stock has seen a significant increase despite missing earnings, and it is now considered cheap enough to buy, with a 20% rise since the Q1 earnings report [1]. Financial Performance - In Q1, Intuitive Machines reported a loss of $0.11 per share, an improvement from a loss of $2.68 per share in the same quarter last year [3]. - Sales for Q1 were $62.5 million, down 15% year-over-year, but are projected to rebound by 10% in Q2 [3]. - The company generated positive free cash flow of $13.3 million in Q1, the first occurrence in over two years, although analysts expect cash burn in the next three quarters totaling $15 million [4][5]. Long-term Prospects - Intuitive Machines is becoming a key contractor for NASA, having secured four "IM" missions to the moon, with two completed and two scheduled for 2026 and 2027 [7]. - The company has faced challenges with its landers, but management is addressing these issues for future missions, and NASA is satisfied enough to provide success payments for the IM-2 mission [8]. - Intuitive Machines is also working on a $4.8 billion Near Space Network contract, which is expected to generate approximately $480 million in annual revenue over the next decade [9]. Stock Valuation - The stock price has increased significantly post-earnings, currently around $11, which is nearly double the price paid previously [10]. - Despite being down about 50% from its all-time high in January, the stock is still considered to be at the high end of fair value for an unprofitable space stock, priced at 4.1 times trailing sales [11][12].

Group 1 - CallTower has been awarded the 2025 We Love Tech Awards in the SaaS/UCaaS/XaaS category for its Microsoft Teams GCC High solution, highlighting its leadership in communication technologies [1][3] - The We Love Tech Awards recognize innovative companies and products that are shaping the future of enterprise technology across various sectors, including AI, Cloud, and SaaS [2] - CallTower's Microsoft Teams GCC High is a secure collaboration platform designed for government agencies, ensuring compliance with strict regulations such as CMMC [3] Group 2 - CallTower's Genesys Cloud Contact Center was also recognized as a finalist, showcasing its capabilities in AI-driven customer interactions across multiple channels [3] - The company emphasizes its commitment to security, compliance, and user experience in its communication solutions, as stated by its Chief Revenue Officer [4] - In 2025, CallTower acquired Inoria, enhancing its CCaaS and CX capabilities, and providing advanced analytics and AI-driven solutions for contact center operations [6] Group 3 - CallTower has been a leader in enterprise-class cloud communications since 2002, offering solutions that integrate advanced technologies like Microsoft Teams and AI-powered contact centers [5] - The company focuses on delivering seamless connectivity and operational efficiency tailored to the needs of enterprises globally [5][7]

Press Release - Regulated Information Unifiedpost Group rebrands to Banqup Group, reinforcing its position as a pure-play SaaS provider La Hulpe, Belgium – 20 May 2025, 22:00 CET – REGULATED INFORMATION – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, held an Extraordinary General Meeting (EGM) and Annual General Meeting (AGM). The shareholders approved all proposed resolutions (here), including: EGM: S ...

Gilat Satellite Networks Ltd. (GILT) reported first-quarter 2025 adjusted earnings per share (EPS) of 3 cents compared with 11 cents a year ago. The bottom line lagged the Zacks Consensus Estimate by 57.14%.Revenues for the quarter reached $92 million, up 21% from a year ago. The expansion was primarily attributable to the Commercial segment, driven by the acquisition of Stellar Blu, along with continued growth in the Defense segment. These gains were partially offset by a decline in revenues from the Peru ...

Financial Data and Key Metrics Changes - Q1 2025 revenues reached $92 million, a 21% increase year over year from $76.1 million in Q1 2024 [7][26] - Adjusted EBITDA for Q1 2025 was $7.6 million, with an organic adjusted EBITDA of $11.2 million, representing a 20% year over year increase [7][31] - GAAP net loss in Q1 2025 was $6 million, or a loss per share of $0.10, compared to a net income of $5 million, or $0.09 per share in Q1 2024 [30] Business Line Data and Key Metrics Changes - Commercial segment revenues in Q1 2025 were $64.2 million, a 56% increase from $41.2 million in Q1 2024, primarily due to the acquisition of Stellar Blue [26] - Defense segment revenues increased by 34% to $23 million in Q1 2025 from $17.2 million in Q1 2024, driven by high deliveries to U.S. and Asia defense customers [27] - Peru segment revenues decreased to $4.8 million in Q1 2025 from $17.7 million in Q1 2024, attributed to delays in project renewals and slower progress on existing projects [27][28] Market Data and Key Metrics Changes - Demand for Gilat Defense solutions is increasing, particularly in North America, Europe, and Asia Pacific, with a notable rise in European defense budgets [12][11] - The company secured multiple contracts in Q1 2025, including over $5 million for U.S. DoD connectivity and $23 million for satellite transportable terminals [13][14] Company Strategy and Development Direction - The company is focusing on its newly aligned organizational structure, emphasizing growth in defense, VHTS, and NGSO constellations, as well as in-flight connectivity [6][10] - Gilat plans to increase investment in R&D and sales for its defense segment in 2025, launching several new products to enhance its market position [15][19] - The company aims to leverage its diverse product portfolio to support the growing demand for mission-critical defense connectivity and satellite communications [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by global economic uncertainty and shifting trade policies but expressed confidence in the company's proactive adjustments to sourcing and production [9][10] - The company reiterated its 2025 revenue guidance of $415 million to $455 million, representing a year-over-year growth of 42% at the midpoint [33] Other Important Information - The acquisition of Stellar Blue was completed on January 6, 2025, contributing approximately $25 million to Q1 revenues but also incurring an adjusted EBITDA loss of $3.6 million [7][26] - The company secured a $100 million credit line to finance the acquisition, utilizing $60 million for this purpose [32] Q&A Session Summary Question: Is the defense business expected to benefit from increases in European defense spending? - Management indicated that there is significant traction from increased European defense budgets, with expectations for decent business growth in the mid-term [37] Question: What milestones need to be achieved for the Boeing line fit program? - Management stated that adaptations to the terminal are ongoing, with certification expected within the next two to three quarters [38] Question: How should revenue linearity in Peru be viewed over the next few quarters? - Management expects a revenue run rate of $45 million to $50 million for Peru, with significant revenue anticipated in Q2 and Q3 due to project renewals and hardware deliveries [39][40] Question: How is the integration of Stellar Blue progressing? - Management reported good progress, with strong market acceptance and feedback, and expects to meet revenue goals for Stellar Blue [46][49] Question: What is the anticipated production rate for Sidewinder by the end of the year? - Management expects to reach a production rate of about 100 units per month by the end of the year [56] Question: What is the impact of tariffs on the business? - Management noted that the effect of tariffs is currently not significant, as proactive sourcing adjustments have been made [101][102]

ab Global Research owered by UBS Evidence Lab YES P 14 May 2025 Global Economics & Strategy Deep Speak: Using AI to measure what central banks say The BoJ, after decades of easing bias, now ranks as the most hawkish of the three major central banks, and its hawkishness is back at '08 levels, when it was last tightening. Tone as a leading indicator of market repricing As we show here, tone shifts lead policy rate changes and market repricing, especially during tightening cycles. Both the Fed and ECB index ca ...

Core Viewpoint - Gilat Satellite Networks Ltd. (GILT) is expected to report a decline in earnings per share (EPS) for the first quarter of 2025, while revenues are projected to increase significantly compared to the previous year [1][2]. Financial Performance - The Zacks Consensus Estimate for GILT's first-quarter EPS is 7 cents, reflecting a 36.4% decrease from the same quarter last year [1]. - Revenue expectations are set at $107 million, indicating a 40.6% increase year-over-year [1]. Recent Performance and Market Position - GILT has outperformed the Zacks Consensus Estimate in the last two quarters, with an average surprise of 41% [2]. - The company's shares have increased by 19.9% over the past six months, contrasting with a 5.4% decline in the Satellite and Communication industry [2]. Growth Drivers - GILT's revenue growth is attributed to increased investments in the defense sector, with strong demand for its defense SATCOM solutions driven by geopolitical dynamics and NGSO constellations [2]. - The company secured a $6 million order in March 2025 for its SkyEdge II-c platform, enhancing its capabilities in secure satellite communication [2]. Strategic Developments - A new Defense Division was launched to cater to the rising demand for government and defense SATCOM solutions, focusing on military and homeland security applications [3]. - GILT's defense segment won a $23 million contract in April 2025 to support U.S. Department of Defense operations [3]. Acquisitions and Market Expansion - GILT has been actively acquiring companies to enhance its market presence, including Stellar Blu Solutions and DataPath, which are expected to contribute significantly to revenue [4]. - The Stellar Blu acquisition is projected to generate between $120 million and $150 million in revenue for 2025, aligning with GILT's strategy in the in-flight connectivity market [4]. Technological Advancements - The acquisition of Stellar Blu is expected to enhance GILT's ability to provide advanced multi-orbit ESA solutions, particularly in the commercial aviation sector [5]. - GILT is involved in the Low Earth Orbit (LEO) market and has collaborated with OneWeb and Iris Square, showcasing its commitment to next-generation satellite communications [5]. Future Investments - GILT plans to increase investments in R&D, sales, and marketing within its Defense segment to capitalize on emerging opportunities [6]. - However, this increased spending may negatively impact margin performance in the upcoming quarter [6].

Core Viewpoint - Viasat, Inc. is collaborating with Blue Origin to demonstrate its InRange launch telemetry relay service, which aims to enhance launch communication capabilities and support NASA's transition to commercial satellite communications solutions [1][4]. Group 1: Collaboration and Technology - Viasat is partnering with Blue Origin to showcase its InRange launch telemetry relay service using the Glenn rocket [1]. - The InRange solution is designed to provide continuous relay connections between launch vehicles and ground systems via Viasat's global L-band satellite network, enabling real-time data transmission during flight [3]. - This technology addresses limitations of traditional ground-based telemetry systems, which require direct line of sight and can lead to communication gaps during launches [2][3]. Group 2: Strategic Alignment with NASA - The partnership aligns with NASA's Communications Services Project, which seeks to develop commercial alternatives to the existing Tracking and Data Relay Satellite (TDRS) system [4]. - Viasat's efforts will support NASA's Launch Services Program, which has historically managed telemetry data reception and distribution [4]. Group 3: Future Launch Plans - Viasat's Space and Mission Systems team will collaborate with Blue Origin on two planned launches using the New Glenn vehicle, with the first launch expected later this year [5]. - The second mission, a full demonstration of the InRange service, is currently scheduled for 2026 [5]. Group 4: Market Position and Financial Outlook - Viasat has faced soft demand trends in some markets and intense competition in its communication service business [6]. - As NASA phases out the TDRS system, the demand for commercial alternatives is expected to rise, potentially providing Viasat with a competitive edge and leading to increased revenues [7]. - Viasat's stock has declined by 41.6% over the past year, contrasting with the industry's growth of 42.2% [8].